What the Sunday papers say

SUNDAY EXPRESS INTEREST rates will stay at record lows for at least two more years, according to Council of Mortgage Lenders chairman Peter Hill. ITV’S decision to close its £3.9billion defined benefit pension scheme could lead to it taking a multimillion hit to its full-year profits at its preliminary results on Wednesday. COMPARISON website bookmygarage.com will look to raise money from institutional and high net-worth investors to accelerate its expansion, founder Doug Rotberg says.

SUNDAY TIMES HOOVER is plotting to offload its huge pension fund as the British and European arm of the oncegreat brand fights for survival. ONE of Unilever’s top shareholders has called for the consumer goods giant to be broken up in the wake of the failed takeover attempt by US rival Kraft Heinz.

SUNDAY TELEGRAPH TEARING up regulations in an attempt to make the UK more competitive will sow the seeds of another financial crisis, the departing deputy governor of the Bank of England has warned. CO-OPERATIVE Bank could face a coup by hedge funds if the troubled bank fails to find a buyer and tries to raise more capital instead.

OBSERVER PRIMARK may have recently pulled a controversial Walking Dead T-shirt from its stores, but investors in its parent company, Associated British Foods, will be fearing a zombie-like performance from the fashion retailer at its trading update this week.